It is known that the 2-storey main building was built in 1927, whilst parts of the gardens, in particular the ornamental gateway, were completed in 1938, after the death of Lady Hotung.

[1] As a prominent businessman at the time, Hotung received many famous visitors at the villa, including George Bernard Shaw;[6] US Vice President John Nance Garner visited in 1935.

[1] The owner, Hotung's granddaughter, applied for permission to redevelop in mid-2010; technical approval was gained from the Buildings Department in December 2010 as it satisfied planning requirements.

[1] According to building plan submitted – by the original firm that designed the villa,[9] 11 blocks of four-storey houses would be built; a total floor area would be 60,000 square feet.

[2] The case came before the Antiquities Advisory Board in July 2010,[1] where it was listed as a Grade I historic building,[10][11] although such declaration does not confer statutory protection.

[2] In October 2011, two government consultancy reports, by experts at the University of Hong Kong and submitted to the Antiquity Advisory Board, concluded that it has high historical and architectural value.

[12] On 24 October 2011, the Antiquities Advisory Board approved the government proposal to declare the Ho Tung Gardens on the Peak a monument.

[13] Bernard Chan, Chairman of the AAB argued to preserve the mansions because "The choice of a very Chinese-looking style of architecture for the new house in 1927 ... was a statement that a racial barrier was being broken.

[17] Demolition work of the principal building started in July 2013 and was completed in late October, paving the way for construction of a series of town houses on the site.

The sale also shone the global spotlight on the property, with the deal placing Peak Road atop the list of ‘The World's Top 10 Most Exclusive Streets’ in survey results released in July 2015 by Billionaire.com - notably above Upper Fifth Avenue in the United States and Knightsbridge in London.